N.J. DCA Landlord/Tenant Information Series — Mobile Home Park Leasehold Communities Law

Citation
N.J. DCA Landlord/Tenant Information Series — Mobile Home Park Leasehold Communities Law
Jurisdiction
New Jersey (state)
Source
Official source
Original Source
https://www.nj.gov/dca/codes/publications/pdf_lti/mobile_hm_pk.pdf ↗

Related Parts of This Source

Full Text

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b. The homeowners' association shall file with the clerk of the county in which the
private residential leasehold community is located a notice of its rights under sections 2 and 3 of
this act. The notice shall contain the name of the association, the name of the landowner, and the
address or legal description of the land. Within 10 days of the recording of the notice, the
association shall provide a copy of the recorded notice to the landowner, at the address provided
by the landowner, by certified mail, return receipt requested.

L.1991,c.483,s.7; amended 1995,c.365,s.7.

46:8C-17. Purpose of association

8. a. The articles of incorporation of a homeowners' association or the bylaws of any
unincorporated homeowners' association formed under this act shall provide:

(1) that the association has the power to negotiate for, acquire, and operate the private
residential leasehold community on behalf of the homeowners; and

(2) that the association has the power to convert the private residential leasehold
community, once acquired by the homeowners, to a condominium, a cooperative, or other type
of ownership.

b. Upon acquisition of the property, the association shall be the entity that creates a
condominium, or offers condominium parcels for sale or lease in the ordinary course of business,
or, if the homeowners choose a different form of ownership, the entity that owns the record
interest in the property and is responsible for the operation of property; provided, however, that
if the association converts the private residential leasehold community to a cooperative, an
election shall be held within 30 days following the etablishment of the cooperative to elect a
board of directors of the cooperative.